In Manhattan, Goldman Sachs and Jane Street are separated by a street, a century, and a 160 per cent average pay gap.Goldman and its rival investment banks were once the titans of trading. Now it is Jane Street that paid…

Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.  Read the full article here

The Federal Government said on Sunday that it had begun the implementation of electricity subsidies for public hospitals nationwide. This came as the Governor of Ogun State, Dapo Abiodun, stated that removing the subsidy on Premium Motor Spirit, popularly called…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The killing of Hassan Nasrallah came just a few days before the first anniversary of Hamas’s October 7 attacks on Israel. With…

Santiment says there’s nearly double the amount of bullish posts to bearish ones on social media. Read the full article here

The House of Representatives has commenced moves to amend the Petroleum Industry Act to make provision for non-producing oil wells to lose their operational licences. On September 26, 2024, the House passed for first reading “A bill for an Act…

Stay informed with free updatesSimply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox.Japanese stocks fell heavily on Monday as traders in Tokyo reacted to the unexpected emergence of Shigeru Ishiba as the…

Gavin Newsom has vetoed SB 1048, saying that “while well-intentioned,” it could place unnecessary restrictions on emerging AI companies in California.  Read the full article here

The Central Bank of Nigeria disclosed that credit to the Federal Government increased by N11.33tn or 57.11 per cent to N31.15tn in August from N19.83tn in July. The latest Money and Credit Statistics from the CBN revealed a trend of…

Power-hungry artificial intelligence is consuming increasingly vast amounts of energy from the creaking US grid and threatening national efforts to tackle climate change, according to the latest expert forecasts.Unprecedented energy demand, fuelled in part by expanding data centres for AI,…

Ethereum-based projects should have metrics to strive toward to ensure they are collectively “building something that feels like one Ethereum ecosystem.” Read the full article here

The Electricity Consumer Protection Advocacy Centre has expressed strong opposition to the Ministry of Power’s assertion that over 40 per cent of Nigerians now enjoy up to 20 hours of daily power supply. The claim, made by Minister of Power,…

Austria’s far-right Freedom party scored a historic victory in the country’s parliamentary election on Sunday, with the result consolidating pro-Russian, anti-establishment forces in central Europe.The FPÖ was projected to win just under 29 per cent of the ballots cast, according…

The malicious wallet-draining app marked “the first time drainers exclusively targeted mobile users,” says Check Point Research. Read the full article here

Maritime stakeholders have advised the government to tackle piracy, illegal fishing, interstate disputes, and transnational crime to enjoy the $2.5tn ocean economy. They said Nigeria must also address other challenges, such as the smuggling of arms and narcotics, among other…